AFRICAN BANK INVESTMENTS LIMITED - African Bank issues a ZAR600 million senior unsecured inflation linked bond

African Bank issues a ZAR600 million senior unsecured inflation linked bond

AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code: ABL ISIN: ZAE000030060
Preference share code: ABLP ISIN: ZAE000065215
 ("ABIL")

and

African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(“African Bank”)


AFRICAN BANK ISSUES A ZAR600 MILLION SENIOR UNSECURED INFLATION LINKED BOND

African Bank (a wholly-owned subsidiary of ABIL) has successfully issued a ZAR600 million seven year bond under its
Domestic Medium Term Note (DMTN) programme. The issue forms part of African Bank’s R25 billion DMTN programme
designated for general funding purposes and follows on the recent R1 billion issue of a three year Jibar-linked bond in
June 2013.

The senior unsecured inflation linked bond (ISIN ZAG000107228), designated as ABLI06, has an annual coupon of the
South African consumer inflation rate (CPI) plus 5.75% and will mature in July 2020 .

Gavin Jones, Executive: Funding and Liability Management, commented on the issuance: “ “This issuance demonstrates
our South African debt investors’ appetite for long term African Bank credit risk, given that the bond has a seven year
term. This type of long term funding enhances our positive liquidity gap, boosts our liquidity profile and sustains the bank
through all market conditions”

ENDS


Notes to editors

African Bank regularly taps its DMTN bond programme through all business cycles and has issued over 30 bonds under

this programme in the last 12 years. The bank has also issued the equivalent of ZAR 2.427 billion through two Swiss

bonds in 2012 and ZAR 5.358 billion in three US Dollar bonds under its London-listed Euro Medium Term Note

programme since its inception in 2010.

For further information please contact Gavin Jones on +27 11 564 6868.

Midrand

17 July 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Sole Arranger and bookrunner
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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